New NOAA Data Show Rapid Growth Of Gulf Spill, Obama To Visit Site

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By Douglas A. McIntyre Updated Published
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The pace at which the oil from the collapsed BP rig is spreading accelerated late on April 30.  The Coast Guard and Navy are placing “booms” in the Gulf to try to keep the oil from moving across the Louisiana Delta where the Mississippi river terminates. With a greater amount of shore in danger by the hour, more than 217,000 feet of boom have been set to contain the spill, and an additional 305,760 feet are available.

According to a report from The Wall Street Journal, President Obama will visit the area this weekend.

New estimates from the NOAA show that the pace at which oil is leaking has not slowed “Oil continues to flow into the Gulf of Mexico at an estimated to 5000 barrels (210,000 gallons) per day from three leaks in damaged piping on the sea floor from the,” the agency said. NOAA released its new maps of the leaks effects.

The process of putting a dome, an inverted umbrella of sorts, above the leaks to capture crude and funnel it to ships on the surface may be successful, but estimates are that putting the apparatus in place s. Drilling a new well to release the pressure on the current one could take as much as three months.

The concentration of the spill around the rig is moving away from it rapidly, which means that the volume of the crude reaching land will increase significantly

The weather in the region in likely to work against attempts to keep the cruse off shore. “National Weather Service forecasts persistent southeast winds through the weekend which will push surface oil towards shore and hamper surface recovery efforts until a forecast shift on Monday.” Attempted to use chemicals to break up the oil slick have had little effect.

The oil has now covered several areas where commercial fisherman operate. The Louisiana Department of Wildlife and Fisheries announced the closure of both recreational and commercial fishing in areas of likely impact and the Louisiana Department of Health and Hospitals closed molluscan shellfish harvesting areas in the coastal parishes of Plaquemines and St. Bernard.

There seems to be almost no hope that the disaster can be contained in the next several weeks.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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